Is there any tax advantage to sign over a house [ value $150.000 paid $75,000.] than just leaving in will in state of PA Thank you
1 Answer from Attorneys
Re: tax advantage?
If there is a transfer before death your cost will be the cost utilized when the property is sold. If you leave it in a will the fair marker value at time of death will be utilized. No capital gain in that event if it is immediately sold.